Keyera (TSE:KEY) Director Buys C$27,870.00 in Stock

Keyera Corp. (TSE:KEY) Director Taylor Timothy Kitchen purchased 500 shares of Keyera stock in a transaction on Friday, September 4th. The stock was acquired at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the acquisition, the director directly owned 7,500 shares of the company’s stock, valued at approximately C$418,050. This represents a 7.14% increase in their ownership of the stock.

Keyera Stock Down 2.7%

KEY stock opened at C$55.15 on Friday. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The company’s 50 day simple moving average is C$58.67 and its 200-day simple moving average is C$55.78. Keyera Corp. has a 12 month low of C$40.09 and a 12 month high of C$61.41. The firm has a market capitalization of C$16.18 billion, a PE ratio of 36.05, a P/E/G ratio of 1.35 and a beta of 0.46.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The firm had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. Equities analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Keyera’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, September 15th. Keyera’s payout ratio is presently 141.18%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KEY. ATB Cormark Capital Markets increased their price objective on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. Raymond James Financial cut their target price on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Scotiabank raised their price target on shares of Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, National Bank Financial lifted their price target on shares of Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Keyera currently has a consensus rating of “Moderate Buy” and an average price target of C$73.00.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.